Corrects typographical error in headline

Overview

• U.S. healthcare communications firm's Q1 revenue fell 8.5% yr/yr

• Software managed services revenue rose nearly 57%, but overall software revenue declined 12%

• Company reiterated 2026 financial guidance and announced cost-saving realignment with 10% workforce reduction

Outlook

• Spok expects 2026 full-year revenue between $136.0 mln and $143.0 mln

• Company sees 2026 adjusted EBITDA in the range of $27.5 mln to $32.5 mln

• Spok expects annual cost savings of over $6.0 mln from strategic realignment

Result Drivers

• MANAGED SERVICES GROWTH - Nearly 57% yr/yr increase in software managed services revenue helped offset declines in other software categories

• RECURRING REVENUE BASE - Co said over 80% of revenues come from recurring streams, helping mitigate timing and seasonality impacts

• COST REDUCTION INITIATIVE - Strategic realignment, including 10% workforce reduction, expected to deliver over $6 mln in annual cost savings

Company press release: ID:nBw2vcKkqa

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the wireless telecommunications services peer group is "buy"

• Wall Street's median 12-month price target for Spok Holdings Inc is $14.00, about 22.1% above its April 28 closing price of $11.47

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